Post
Topic
Board Speculation (Altcoins)
Re: Chinese coins pump coming?
by
bbc.reporter
on 08/06/2023, 03:16:50 UTC
hopefully after June 1, Chinese narrative coins can start to rise again I'm sure of that,
because marketcap from China will come slowly on altcoins, because we are still in the bearish season so it's only natural that altcoins will experience a correction,
and in my opinion that's good because we are given another chance to buy coins from china.

We should not look at the pedigree of the project, but at its tokenomics. Just because a project is Chinese does not mean that it is now obliged to grow when any restrictions are lifted. Look at the investment, the circulating supply, the exchanges and liquidity of that coin, and the overall timeline. Then it will become clear whether this coin will grow or not. If the founders are Chinese, growth won't just happen, the industry doesn't work that way.

I very much agree. However, the reason for arguing on why Chinese projects might pump is because of the speculation that they might be among the first projects to be whitelisted in Hong Kong then in mainland China through Shanghai. It is not because the projects are simply Chinese.

On the argument of tokenomics, what I like about some of the Chinese projects is their implementation of buy and burn. I have noticed that compared to western developers, it appears that buy and burn is a more liked tokenomics structure by Chinese development teams.